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  • What's the biggest mistake you have made in your startup?

    Edgar
    11 replies
    I was wondering what are the biggest mistakes founders have made so maybe we can all learn from your experiences. I will start on two of my mistakes: 1. Not preparing for my first launch 2. Undermining marketing

    Replies

    Jim Morrison
    Building a product, before I had an audience. Do. It. The. Other. Way. Around!
    Sven Radavics
    intribe | Tinder for Brand Partnerships
    intribe | Tinder for Brand Partnerships
    Splitting my pre-seed raise into two stages in January.
    Edgar
    @sven_radavics Im naive to raising funds, why do you consider this a mistake?
    Sven Radavics
    intribe | Tinder for Brand Partnerships
    intribe | Tinder for Brand Partnerships
    @edgar1 There's an old saying in startups "Raise money when you can, not when you need to". In January the world was in an OK place...in February, Putin changed everything. Fundraising is a lot harder now.
    Janak Patel
    Underestimating the time & efforts it takes to build an useful product I'd like to add, also underestimated iterations required to make the products market ready
    Edgar
    @janak_patel56 I completely agree, I initially thought I could do everything in 6 months. Here I am 2 years later still working towards that perfect product.
    Rich Watson
    NVSTly: Social Investing
    NVSTly: Social Investing
    networking, slow progress, finding committed contributors
    Software Guy (Aarvy)
    I din't take the personal branding stuff seriously.
    Edgar
    @software_guy I made the same mistake when I started developing the product. I wish I took advantage earlier on